Volkswagen Singapore partners with FOMO Pay to support digital currency payments, allowing users to pay for vehicles and services using BTC, ETH, and stablecoins

On August 14th, Volkswagen Singapore announced its collaboration with FOMO Pay to allow payments using digital currencies. Customers can utilize BTC, ETH, USDT, and USDC for their purchases. With a daily cap of 4,500 SGD and a cumulative cap of 13,500 SGD, this service seeks to match the rising digital asset trend in Singapore.

This partnership is designed to increase payment speed, bolster security, and enable global interoperability. By embracing digital currencies, Volkswagen Singapore aims to streamline the purchasing process, reduce costs, and respond effectively to the growing demand for digital asset transactions.